{"id":397755,"date":"2021-01-29T10:41:00","date_gmt":"2021-01-29T05:11:00","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=397755"},"modified":"2021-01-29T10:41:00","modified_gmt":"2021-01-29T05:11:00","slug":"indigo-reports-fourth-straight-quarterly-loss-at-%e2%82%b9620-14-cr","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indigo-reports-fourth-straight-quarterly-loss-at-%e2%82%b9620-14-cr\/","title":{"rendered":"IndiGo reports fourth straight quarterly loss at \u20b9620.14 cr"},"content":{"rendered":"<p>NEW DELHI : InterGlobe Aviation Ltd, which runs India\u2019s biggest domestic airline IndiGo, plunged into a fourth straight quarterly net loss as the pandemic crimped demand for air travel.<\/p>\n<p>Losses, however, almost halved to \u20b9620.14 crore in the three months ended 31 December from \u20b91,194.83 crore in the September quarter. IndiGo had posted a net profit of \u20b9495.97 crore in the December quarter of the previous year.<\/p>\n<p>The airline\u2019s revenue dropped 50.2% to \u20b95,142.78 crore in the quarter under review, underscoring that a full recovery of the domestic aviation industry is still some time away.<\/p>\n<p>A Bloomberg survey of six brokerages had forecast the company to report a loss of \u20b9334.20 crore on revenue of \u20b95,028.20 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI : InterGlobe Aviation Ltd, which runs India\u2019s biggest domestic airline IndiGo, plunged into a fourth straight quarterly net loss as the pandemic crimped demand for air travel. Losses, however, almost halved to \u20b9620.14 crore in the three months ended 31 December from \u20b91,194.83 crore in the September quarter. IndiGo had posted a net profit of \u20b9495.97 crore in the December quarter of the previous year. The airline\u2019s revenue dropped 50.2% to \u20b95,142.78 crore in the quarter under review, underscoring that a full recovery of the domestic aviation industry is still some time away. A Bloomberg survey of six [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-397755","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/397755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=397755"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/397755\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=397755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=397755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=397755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}